Tags : South

Regulation

South Koreans lost $5 billion to crypto crimes in the

Korean students say crypto trading gives them stress, causes insomnia Blinded by the promise of fast cars, luxury hotels, and stacks of dollar bills, young Koreans turned to crypto trading as a means of building wealth but ended up with the exact opposite, reports local daily The Korea Times. 2 min read → Source linkRead More

Regulation

South Korea aims to “pay special attention” to Bitcoin and

South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today. “There is a need to pay special attention to the occurrence of illegal activities using virtual assets,” said Koo Yun-cheol, head of the Office for Government Policy Coordination, […]Read More

Regulation

Why did South Korea just say ‘no’ to a Bitcoin

Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week. But the […]Read More

Bitcoin

Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns

Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3.21%.  In South Korea, however, the resurgence of the local crypto scene and tightening regulations have led Bitcoin prices […]Read More

Regulation

Crypto Trading is Now Legal in South Korea

South Korea’s parliament has officially recognized crypto trading as legal in the country. The move comes after two years of deliberations into how to develop concrete guidelines for cryptocurrencies. South Korea Legalizes Crypto Trading According to The News Asia, South Korea’s National Assembly passed an amendment to its Reporting and Use of Specific Financial Information […]Read More